Bitcoin | Building Up On Bullish Momentum Long
Bitcoin / U.S. dollarBitstamp
Description
⋅ Bullish momentum is starting to build up for the BTCUSD (Bitcoin) pair.
We have only bullish signals coming from this chart, this is the 12H timeframe.
Let's have a quick look at some of those:
- MACD high up and strong. The MACD line just crossed above the signal line.
- The RSI is very strong at 74.81.
- BTCUSD price stands safely and strongly above EMA10. We consider it bullish, always, above EMA10.
- The TD Sequential shows room for additional growth.
The trading volume is low but in a bullish cycle, this can be taken as a continuation signal.
The next target is set at $25892 followed by $29000+
Where do you think Bitcoin is headed?
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Namaste.